Date: October 21, 2024
Broker: CGS International Securities Malaysia Sdn. Bhd.
Company Overview
Ta Ann Holdings is a diversified company primarily engaged in the timber, plantation, and oil palm industries. It operates through multiple segments, including timber products, oil palm plantations, and other investments, contributing to a balanced portfolio that supports sustainable business growth.
Recent Stock Performance
- Last Price: RM 4.180
- The stock is currently trading at its entry price, reflecting stability despite market fluctuations. This steady performance suggests strong underlying support for the stock at its current levels.
Technical Analysis
- Entry Price: RM 4.180
- Current Price: RM 4.180
- Stop Loss: RM 3.790
- Target Prices: RM 4.38, RM 4.51, RM 4.73
Trading Position
- Current Position: Buy
- Weighting in Portfolio: 6%
- Shares Held: 19,100
- Total Cost: RM 79,838.00
- Market Value: RM 79,838.00
- Profit/Loss: RM 0.00 (0.0%)
Trading Recommendation
Ta Ann Holdings is currently maintained as a “Buy” in the actively managed portfolio. The stock has shown resilience, holding its entry price, which indicates strong support. The stop-loss is set at RM 3.790, providing a cushion against potential downside risks. Traders should monitor the price movements closely, looking for a break towards the set targets of RM 4.38, RM 4.51, and RM 4.73, which could signal further gains.
Conclusion
Ta Ann Holdings is displaying steady performance with strong support at its current trading level. Its consistent inclusion in the portfolio suggests confidence in its potential for upside movement. Investors are encouraged to watch for any signs of upward breakouts while managing risk through the set stop-loss level. The stock’s diversified business segments and stable market presence make it a reliable choice for those seeking steady growth.
